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Updated at 10pm
HOUSE PRICES WENT up again last month, but the rate of inflation in Dublin has slowed down to below 10% for the first time in two years.
Overall, national prices rose by 0.9% in July, up 9.4% on last year, while in the capital prices were up 0.7% last month, and 9% above last year’s prices.
The figures from the CSO, which uses 2005 as its basis, show that house prices compared to their peak are still down by more than a third on their Celtic Tiger peak.
The 0.9% monthly gain in July is the strongest monthly gain since March and prices have increased on a monthly basis in each of the past five months following declines in the first two months of the year.
In Dublin, apartments are increasing in price much quicker than houses, but are still further away from their peak.
At national level residential property prices were 36.9% lower than their peak level in 2007. The figures show that those who were able to buy in August 2012 got the best deal, paying 60% of the peak price.
And for those still in the market, KBC says that prices will continue to grow next year, despite Central Bank measures aimed at cooling the market.
“With employment increasing strongly and after-tax incomes also set to move onto a notably healthier trajectory, we see residential property prices rising by about 5-6% in 2016.”
They say that the Irish housing market’s correlation with the jobs market means that prices will continue to climb as more and more people return to work.
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Great story, lovely to see people getting a permanent home, wishing them health and happiness in their new abodes.
Trust a politician to turn up for the foto
I love my brick. Foto, Foto…
There are 2 houses boarded up on my street in dublin 9. They have been foe over a year since the last families were evicted for drug dealing. There is another around the corner that was vacated and is now used as a changing room for the local soccer club. So there’s 3 3 bed homes not being used. What the fook are the council playing at.
It’s very positive… We could complain and moan, that someone one had to die outside the Dáil for things like this to happen but realise it’s A good news story on the back of a very tough year for the likes of poor John Corry.. Let’s hope they have a good Christmas and great credit The likes of Lord Mayor Christy Burke & all involved..
No Ray,these houses haven’t been planned, built and equipped since that poor man died near the Dail!
But I take your point. Never in the history of our decrepit little state have a government responded so quickly to a tragedyli,e that, but at least they are responding which can only be a good thing. It’s up to us, the public, to ensure that it’s not a just pre christmas, pre election stunt. We need to keep the pressure on to make sure the policy is continued and also spread nationwide. While the homeless crises in Dublin is desperate, and the govt response is making the headlines, other cities like Cork and Waterford have a similar problem which are not being tackled.
great news to hear, i wonder how long they were waiting? just 5 f****in houses though, hard work from Alone mind, they get little support only from what we give :/ and to think this government could provide 500 if they wanted but would rather pay others.
Its so good to know these few people are living in their own homes for Christmas, long may they enjoy and hopefully by next Christmas no one will be sleeping on the streets at least those who don’t want to. Happy Christmas to you.
I used to work with ALONE when i was a teenager, very long time ago, need to get finger out
and get back there , Merry Christmas to one and all, xxxxxxxxxxxxxx
Once it is not a publicity stunt? What about homeless families too?
Isn’t it great that these people can now have a cup of tea by the fire in their own homes ! All the best to them
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